💸 Thailand is giving away free money

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TOP STORY
🇹🇭 Thailand is giving away $14 billion in cash

Srettha Thavisin, the prime minister of Thailand, is giving away $14 billion in cash.

In an extremely controversial move, 50 million eligible businesses and individuals will be receiving up to $275 each in a program intriguingly named “The Digital Wallet.”

That’s a pretty nice Christmas bonus to be getting in the summer.

But why is Thailand starting to hand out its very own stimulus checks?

The government says that this scheme will cause an “economic tornado.”

Prime Minister Thavisin has said the stimulus and subsequent spending are expected to boost gross domestic product growth by 1.2 to 1.6%.

Who’s eligible? Digital wallet payments are only for lower-income Thais, defined as people with yearly incomes under $23,000 and savings of less than $13,700.

This is definitely an interesting way to jolt an economy, but only time will tell if stimulus can actually benefit a country.

TECHNOLOGY
🇺🇸 Elon Musk is officially done with California

Earlier this week, Musk announced that he was moving two of his companies, X (formerly called Twitter) and SpaceX, from California to Texas.

We all know California isn’t the easiest place to live anymore, but moving the headquarters of two multi-billion dollar companies in one week is a pretty crazy move.

So, obviously, we have to ask: what caused the move?

The disclosures come after California Governor Gavin Newsom signed a new law that aims to prevent schools from informing families if their children identify as gay or transgender.

In response, Musk took to X, writing, “This is the final straw,” and that the law “attacks both families and companies.”

How so? California law prohibits school districts from requiring employees to disclose information about a student’s sexual orientation or gender identity without the student’s consent.

The biggest winner in all this is obviously Texas, which has seen a mass migration of companies to the Lone Star State over the past few years.

I mean, who wouldn’t want to move to Texas? 

The food’s awesome, no taxes, and the politicians are soooo nice.

I just have two words to say: Yeehaw, Elon!

ARTS & CULTURE
🦖 A stegosaurus named ‘Apex’ just became the most expensive fossil ever sold

The Sotheby’s auction, which occurred today in New York, sold for a jaw-dropping $44.6M, despite being expected to sell for between $4 million and $6 million.

Talk about taking the over.

Seems like a lot of money to spend on a pet, what’s so cool about Apex?

Well, Apex is a remarkable ~80% complete and is considered one of the best stegosaurus ever found, whatever that means.

But of course, when it comes to buying something as rare as a dinosaur, there will obviously be some pushback.

There are concerns that private collectors will keep the skeletons in their own closets (lol) and that the surge in commercial paleontology will hurt scientific research and make it too expensive for museums to buy important fossils.

So if you have a few mil lying around and an urge to role-play Indiana Jones, this is your chance!